Yes. You're absolutely right.
First, the Standing Committee on Procedure and House Affairs would have five sitting days to deal with the decision of this committee, either to be in agreement or disagreement. Then it would table a report. After that, there would be a period of five sitting days given to Mr. Saroya to let the Clerk of the House know what he wants to do next. One of his options is, indeed, to substitute for Bill C-324 another item of his choice.
In the event he doesn't have any other item of PMB business on the Order Paper, he's going to be given 20 calendar days to put another PMB of his choice on the Order Paper.